“RBI Move On Loan Recast Very Logical”

Jan 28 2014

January 28: The Reserve Bank of India last week made clear that rules for restructuring loans by NBFCs will be similar to those for banks. The new guidelines issued by the RBI are intended to create a level-playing field between NBFCs and other commercial banks. Bloomberg TV India speaks to Arun Duggal, Group Chairman, Shriram Transport Finance, to understand the implications of the central bank’s move.